The Chinese Gold Panda bullion coin features some of the People’s Republic of China’s most cherished symbols.
Chinese Gold Panda bullion coins are beautifully designed and prized for their high purity. They are also China’s official gold bullion coin. Here are some frequently asked questions (and answers) about this gold bullion coin and how you can invest.
What is a Chinese Gold Panda?
The Gold Panda is a series of Chinese gold bullion coins first minted in the People’s Republic of China in 1982. Pictured on the obverse of the coin is the Temple of Heaven, and the inscriptions “People’s Republic of China” in Chinese characters and the year of issue. Commemorative coins also have the theme printed at the bottom. On the coin’s reverse are depictions of pandas that change every year (except for 2001 and 2002 when the design stayed the same).
What denominations are available for Chinese Gold Pandas?
In The People’s Republic of China, the coins are issued in face values of 500, 200, 100, 50 and 20 yuan. However, there have been different denominations available in the past which used to correspond with the troy ounces of gold in the coins.
How much is a Chinese Gold Panda worth?
These coins can be worth quite a lot, depending on the issue. Rare five-ounce coins were sold for around $80,000 in 2011. These were minted between 1987 and 1996. In 2009, the kilo Gold Panda Coin became popular and some were sold at an upwards of $200,000 per coin. The value of common Chinese Pandas is calculated using the spot price of gold.
Can Chinese Gold Pandas be used as legal tender?
They can be used as legal tender only in the People’s Republic of China, where they are valued at face value. In the United States, these coins are simply collectibles and cannot be spent on goods or services (not that you would want to).
Are Chinese Gold Pandas taxable?
There is no sales tax on the Chinese Gold Panda when you purchase through Provident Metals. If a customer sells a Gold Panda for a profit, the profit may be subject to Capital Gains Tax.
Are Gold Pandas a good investment?
Yes! A few of the many reasons why Chinese Gold Panda Coins are a good investment are:
- Low circulation. This means they are more rare and valuable than other coins. The market price for Pandas is always the highest or near the highest where bullion coins are concerned.
- High popularity. They are one of the top five bullion coins in the world.
- Strong collectibility. Their design changes every year which gives them more of an appeal to investors and collectors.
Where are Gold Panda coins minted?
Chinese Gold Pandas are minted in many mints around the People’s Republic of China, including in major cities such as Beijing, Shanghai, Shenyang and Shenzhen.
Where can I buy/sell Chinese Gold Pandas in the US?
Gold Pandas can be obtained in the United States through the use of coin dealers or collectors. If you are considering making a Chinese Gold Panda bullion coin your next investment, check out our selection at Provident Metals. You can also head to our Knowledge Center to learn more about gold bullion and investing.